Paper info: Is a Long-term Business Relationship an Implied Contract? Two views of a Relationship "Disengagement"
Is a Long-term Business Relationship an Implied Contract? Two views of a Relationship "Disengagement"
Norwegian School of Management
Place of Publication
The paper was published at the 16th IMP-conference in Bath, U.K in 2000.
In this paper an approach to the study of relationship dissolution as a consequence of midrangenetwork change is presented. The key idea is to explain two divergent views of thepossibility for legal redress following dyadic relationship disengagement: long termrelationship as implied contract, and contract-in-law. An empirical example of an exclusivecustomer-supplier relationship is presented. The paper concludes by discussing the featuresof the Marks and Spencer case for the relational contracting, transaction cost economics, andindustrial network literatures.